Schools Out Inc

Analysis

Schools Out Inc is a registered charity in United States, based in Delmar, NY. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Schools Out Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 142%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schools Out Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Association of Strategic Alliance Professionals Inc ($1.5m), Seacoast Waldorf Association ($1.5m) and LA Crosse Medical Health Science Consortium Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $98k (6.6% of expenses). Other salaries and wages came to $811k. At year end it held assets of $2.7m against liabilities of $230k, net assets of $2.5m. It reported 113 employees.